Economic Integration and Trade Quiz

Both nations now had to extend their lowest tariff on all goods with their treaty partner. (correct)

Diplomatic relations increased.

Immigration between two nations was liberalized.

They made tariffs for the two countries as high as possible.

Controls on capital flows.

The loss of British leadership at the international level. (correct)

Lack of paper money.

Immigration.

Reparations payments and government budget deficits. (correct)

High growth in GDP per capita and 'overheating' of the economy.

Expectations of lower growth.

Commodity price shocks.

<p>Both nations must extend their lowest tariff on all goods with their treaty partner.</p> Signup and view all the answers

<p>Nations could not commit to play by the rules of the game.</p> Signup and view all the answers

<p>Both nations extend their lowest tariff on all goods with their treaty partner</p> Signup and view all the answers

<p>Reparations payments and government budget deficits</p> Signup and view all the answers

<p>Loss of British leadership at the international level</p> Signup and view all the answers

<p>Capital flows were liberalized</p> Signup and view all the answers